Energy Stocks To Pump Up Your PortfolioPam Black
Is it time, at last, to buy energy stocks? For the past decade, they've been badly depressed, victim to ample supplies that have kept oil sloshing back and forth between $14 and $22 a barrel, compared with $40 to $50 during its heyday in the early 1980s. But now, as industrialized economies recover and developing nations build advanced infrastructures, some pros see exciting potential in oil and gas issues. "Energy is directly tied to developing countries that are becoming industrialized," says Jeanne Mockard, manager of Boston's Putnam Natural Resources Trust mutual fund. Countries in Asia, the Pacific Rim, and Latin America all need energy to grow, while demand should increase as recoveries continue in Japan, Europe, and the U.S.
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